When Michael Reene left Andersen Consulting, eventually he joined Third Millennium as CEO with a small salary and 20 percent ownership position. He brought others with him, who brought others with them. This was possible because of the Pied Piper effect.

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Mr. Reene was a star at Andersen Consulting in the 1980s and at IBM in the 1990s. He built his businesses and kept turning down overtures from Mr. Eickhoff. However, in early 2000, he joined Third Millennium as chief executive officer, with a salary of just 120,000 USD but with a 20 percent stake in the firm. Since then, he has brought in a raft of former IBM colleagues and Andersen subordinates. One new hire from his time at Andersen, Mary Goode, was brought on board as executive vice president. She promptly tapped her own network and brought along former colleagues.

When Michael Reene Left Andersen Consulting, Eventually He Joined Third